We are live on ! Find out more
MG

Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

Michael Gelband is a co-founder of ExodusPoint Capital Management, a multi-strategy hedge fund launched by veterans of larger alternative platforms. The firm pursues diversified strategies across asset classes with a focus on risk-managed absolute returns. Gelband’s firm is followed as part of the newer generation of multi-strategy complexes.

This Fund
S&P 500
This Quarter Est. Return
+11.09%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$11.4B
AUM Growth
+$1.29B
Cap. Flow
+$528M
Cap. Flow %
4.63%
Top 10 Hldgs %
25.25%
Holding
2,093
New
704
Increased
330
Reduced
366
Closed
687

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$75M
2
CVX icon
Chevron
CVX
+$59.9M
3
GEHC icon
GE HealthCare
GEHC
+$57.5M
4
APP icon
Applovin
APP
+$54.7M
5
OKLO
Oklo
OKLO
+$52.8M

Top Sells

Rank Stock Value
1
XEL icon
Xcel Energy
XEL
+$137M
2
META icon
Meta Platforms (Facebook)
META
+$61.8M
3
BDX icon
Becton Dickinson
BDX
+$59.9M
4
CRWV
CoreWeave
CRWV
+$57.1M
5
AAPL icon
Apple
AAPL
+$50.2M

Sector Composition

Rank Sector Weight
1 Healthcare 11.73%
2 Financials 9.81%
3 Utilities 8.63%
4 Technology 7.6%
5 Industrials 7.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AM icon
401
Antero Midstream
AM
$10.5B
$5.55M 0.05%
293,152
+32,127
+12% +$574K
NBIS
402
CALL
Nebius Group N.V.
NBIS
$59.6B
$5.53M 0.05%
100,000
-488,900
-83% -$16.8M
SYF icon
403
Synchrony
SYF
$25.9B
$5.53M 0.05%
+82,819
New +$4.63M
LPLA icon
404
LPL Financial
LPLA
$28.5B
$5.51M 0.05%
+14,690
New +$5.15M
GXO icon
405
GXO Logistics
GXO
$5.24B
$5.5M 0.05%
112,969
+106,467
+1,637% +$4.24M
UFPI icon
406
UFP Industries
UFPI
$4.9B
$5.5M 0.05%
55,327
+26,400
+91% +$2.66M
BJ icon
407
BJs Wholesale Club
BJ
$12.3B
$5.49M 0.05%
50,882
+29,860
+142% +$3.4M
LRCX icon
408
Lam Research
LRCX
$393B
$5.46M 0.05%
56,124
-68,622
-55% -$5.44M
STX icon
409
Seagate
STX
$193B
$5.45M 0.05%
+37,740
New +$3.91M
EPAM icon
410
EPAM Systems
EPAM
$5.69B
$5.42M 0.05%
+30,669
New +$5.13M
CBOE icon
411
Cboe Global Markets
CBOE
$31.4B
$5.41M 0.05%
23,176
+2,991
+15% +$666K
POR icon
412
Portland General Electric
POR
$5.83B
$5.35M 0.05%
+131,711
New +$5.53M
AVAV icon
413
AeroVironment
AVAV
$8.14B
$5.34M 0.05%
+18,748
New +$3.17M
FNB icon
414
FNB Corp
FNB
$6.6B
$5.32M 0.05%
365,074
+143,261
+65% +$1.94M
HESM icon
415
Hess Midstream
HESM
$5.02B
$5.32M 0.05%
+138,004
New +$5.26M
PBF icon
416
PBF Energy
PBF
$8.72B
$5.29M 0.05%
+244,333
New +$4.64M
NFG icon
417
National Fuel Gas
NFG
$7.84B
$5.29M 0.05%
62,416
+38,329
+159% +$3.09M
MQ icon
418
Marqeta
MQ
$1.7B
$5.25M 0.05%
224,935
-51,471
-19% -$977K
SPT icon
419
Sprout Social
SPT
$607M
$5.21M 0.05%
+249,101
New +$5.28M
MRUS
420
DELISTED
Merus
MRUS
$5.18M 0.05%
98,529
+52,905
+116% +$2.49M
LDOS icon
421
Leidos
LDOS
$17.7B
$5.11M 0.04%
+32,388
New +$4.79M
CR icon
422
Crane Co
CR
$12B
$5.09M 0.04%
26,807
+2,943
+12% +$488K
GM icon
423
General Motors
GM
$77.2B
$5.07M 0.04%
103,067
-574,589
-85% -$27.2M
GLD icon
424
PUT
SPDR Gold Trust
GLD
$154B
$5.03M 0.04%
+16,500
New +$5M
SPHR icon
425
Sphere Entertainment
SPHR
$5.69B
$5M 0.04%
119,717
-105,618
-47% -$3.58M
15 16
17
18 19

Similar funds

FGP
Freestone Grove Partners San Francisco, California $15.6B AUM 27.39% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $15.6B AUM 71.29% 1-Year Est. Return
GF
Gabelli Funds Rye, New York $15.7B AUM 36.4% 1-Year Est. Return
AIM
ARK Investment Management St. Petersburg, Florida $15.4B AUM 50.29% 1-Year Est. Return
Impax Asset Management Group
Impax Asset Management Group London, United Kingdom $15.4B AUM 26.43% 1-Year Est. Return
AA
Acorns Advisers Irvine, California $15.3B AUM 18.32% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $15.8B AUM 1.29% 1-Year Est. Return
NMIFOAC
National Mutual Insurance Federation of Agricultural Cooperatives Tokyo, Japan, Japan $15.3B AUM 24.71% 1-Year Est. Return

Michael Gelband's Q2 2025 Portfolio in Review

As of Q2 2025, Michael Gelband held 2,093 positions worth $11.4B, up 13% from $10.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Michael Gelband deployed $528M of net new capital in Q2 2025, opening 704 new positions and adding to 330 existing holdings. Its largest new stake was Chevron: 424,949 shares worth $60.8M.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Utilities.

On the sell side, the largest reduction was Xcel Energy, an estimated $137M trimmed.

  • Michael Gelband's largest Q2 2025 buy was Chevron: 424,949 shares worth $60.8M.
  • Michael Gelband added most to Paramount Global Class B in Q2 2025, an estimated $75M increase.
  • Michael Gelband's biggest Q2 2025 reduction was Xcel Energy, cutting an estimated $137M.
  • Michael Gelband fully exited Meta Platforms (Facebook) in Q2 2025, selling an estimated $61.8M.
  • Michael Gelband's ten largest holdings make up 25% of its $11.4B portfolio in Q2 2025.
  • Michael Gelband opened 704 new positions and closed 687 in Q2 2025.
  • Michael Gelband's portfolio value rose 13% quarter-over-quarter to $11.4B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.